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TABLE X <br /> SUMMARY OF MID-TERM EXPENDITURE ADJUSTMENTS FOR 2012/13 <br /> CIP Project Current Mid-Term <br /> CIP CIP Explanation of Chan.es <br /> Annual Resurfacing of $2,650,000 $2,886,000 Required to address recent project <br /> Various City Streets bids. <br /> Staples Ranch: Installation $800,000 $769,845 This project was partially removed <br /> of Traffic Signals at Newton at 2011/12FY Mid-Year to reflect a <br /> Way, Guzman Parkway, funding shortfall and is being <br /> and Trevor Parkway resubmitted at the original <br /> budgeted amount. Therefore, the <br /> total project cost will remain at <br /> $800,000. Request for Bids will be <br /> circulated this summer. <br /> General Trail Improvements $75,000 $78,400 Reflects available funding. <br /> and Development <br /> Fire Station 4: Repairs to $200,000 $127,536 This project was moved from <br /> Upper Parapet Walls 2011/12 to 2012/13. Funding is <br /> being added to reflect a transfer to <br /> complete the Fire Station 3 siding <br /> repair project. <br /> As indicated previously, the CIP includes funding for a number of existing CIP reserves. <br /> A status of the major CIP reserves with their existing fund balances is listed below. <br /> TABLE XI <br /> SUMMARY OF EXISTING CIP RESERVES <br /> RESERVE FUNDS CURRENT PROJECTED USE <br /> BALANCE <br /> Tri-Valley Transportation Development $91,075 General traffic improvements <br /> Dougherty Valley Mitigation $643,874 General Traffic Improvements <br /> Dublin Reimbursements for 1-580 $3,760,278 General use to be programmed <br /> Interchange Improvements as funds are received <br /> General Trail Improvements and $1,537,459 Overall trail development <br /> Development <br /> Bernal Property Improvement $4,339,638 Phase II and other Bernal <br /> Property improvements <br /> New Community Park Acquisition $1,828,623 Funding to acquire property for <br /> new City parks, Staff is <br /> recommending this balance be <br /> transferred to the Bernal <br /> Property Improvement <br /> Reserve <br /> Bernal Property Trails $152,000 Trail development on the <br /> Bernal Property <br /> Capital Improvement Program Reserve $1,796,575 A reserve for City Council <br /> (CIPR) identified improvements <br /> City Hall Office Building and Civic $2,527,859 City Hall site improvements <br /> Center Improvements <br /> Total $16,781,598 <br /> 49 <br />